Stripe (www.stripe.com), our credit card payment processor, helps us disburse funds to you. These funds are earnings you make on the Sessionz app.
Any organization that sends funds to individuals, businesses, etc., is required to collect and verify information about people, known as “Know Your Customer” (or KYC) checks.
To perform these checks, Stripe needs to gather certain information so they can verify your identity. Stripe first attempts to verify you off of the minimum requested information (legal name, date of birth (DOB), and last 4 of your Social Security Number (SSN)).
Stripe will need to collect such information about a customer to fulfill these KYC checks, which is why they ask for your full SSN and government issued ID.
It is important to now that Sessionz does NOT store you payout/payment information in our databases. We safely process the submission to Stripe for handling. Stripe is recognized to be a trusted payment processor trusted by some of the world biggest brands and companies such as Indiegogo.
If you have any questions, ideas on how we make your experience better, or simply just to connect with us, contact us at firstname.lastname@example.org. We're happy to listen and help!